Yellen Embarks on Campaign to Highlight Biden’s Economic Achievements

U.S. Treasury Secretary Janet Yellen is set to visit Chicago and Milwaukee this week, part of a broader initiative by the Biden administration to communicate the successes of President Joe Biden’s economic policies to the American public. 

This move involves an increased domestic travel schedule for Yellen, aimed at directly engaging with communities and stakeholders.

Chicago Speech: Drawing Contrasts with Trump Administration

In a planned speech at the Economic Club of Chicago, Yellen will emphasize the comparative effectiveness and transformative nature of the pandemic recovery under Biden’s administration. 

She will highlight how this recovery differed significantly from previous economic rebounds. 

According to excerpts from her upcoming remarks, Yellen will draw stark contrasts between Biden’s and former President Donald Trump’s administrations, particularly focusing on infrastructure. 

“Our country’s infrastructure has been deteriorating for decades.” 

“In the Trump Administration, the idea of doing anything to fix it was a punch line. But this administration has delivered,” Yellen is set to say.

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Yellen’s Previous Engagements and Upcoming Chicago Speech

Yellen has been actively promoting Biden’s investment legislation, with recent visits to North Carolina and Boston. 

Her approach has generally been to avoid direct comparisons with Trump, but in Chicago, she will speak just two days after the Republican nominating contest in New Hampshire. 

This timing is significant given Trump’s expected participation in the contest and his rivalry with Nikki Haley.

Addressing Inflation and Consumer Confidence

One of the main challenges to Biden’s economic narrative has been persistent inflation, which has affected public perception of his administration’s economic management. 

However, Yellen asserts that as wage increases begin to surpass inflation rates, Americans will likely feel more financially secure. 

This optimism is supported by recent data, such as the University of Michigan’s consumer sentiment survey, which showed the highest level of consumer confidence in over two years.

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Milwaukee Visit: Focus on Worker Training

Following her speech in Chicago, Yellen will head to Milwaukee on January 26. 

There, she plans to visit a worker training facility, partially funded by Biden’s $1.9 trillion COVID-19 relief legislation, the American Rescue Plan Act. 

This visit aims to showcase the tangible impacts of the Biden administration’s economic policies on worker training and development.

Yellen’s tour is part of a broader effort by the Biden administration to build public awareness and support for its economic achievements. 

By directly contrasting Biden’s policies with those of the Trump administration, the campaign seeks to strengthen the Democrats’ economic message ahead of future elections and to address ongoing economic challenges faced by Americans.

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